The popularity of sustainable energy, especially solar power, is constantly on the rise. More and more organizations are adopting solar energy to boost bottom lines as well as be relevant to the global concern of protecting the planet. The discerning consumers too are aligning themselves more with sustainable businesses and products that protect the environment with a lower carbon footprint.
A ‘World Energy Outlook’ report has declared that India is at the cusp of a solar-powered revolution, with “the present trajectories in solar being far more cost-competitive against the coal capacity in India, by the year 2030”. Our country’s general efforts to tackle issues of air pollution, diversify the sources of energy and take advantage of the plummeting costs of adopting solar energy have gone a long way in enhancing the popularity of this sustainable option.
Let us take a look at some of the emerging trends in solar not only in our country but across the world.
Continuous innovations in the sector: Solar roofing is more prevalent now, as compared to the past years, and seeing numerous technology trends. With more photovoltaic advancements, solar technology will become more efficient, convenient, accessible to homeowners and lead to higher renewable energy production.
Solar-power vehicles: Another significant innovation is the combination of electric and solar vehicles, which promises to be a game-changer for the automobile sector. This year has also seen several inventions related to enhanced hours of battery storage for longer durations of power. The global solar vehicle market is predicted to grow at a CAGR of around 35% between 2021-2026.
Lesser number of panels, more power: With rapid technological advancement, it is predicted that fewer solar panels will be efficient enough to generate larger quantities of electricity. With the demand for “green electricity” going northwards, the manufacturing capacity of panels is expected to increase, thereby bringing down the production cost and boosting accessibility.
Digitalization is the future: The safety and efficient functioning of a solar system depend heavily on human inspection and maintenance. With digitalization and Artificial Intelligence in the form of drones, machine learning and robots, the cost of maintenance of these units is expected to go down further.
Blockchain is the next big technological advancement: The introduction of blockchain technology will help in the commercialisation of energy by tracking renewable energy from source to consumption and providing consumers with the right information. It is useful in creating smart contracts and establishing a hierarchy of priorities while being automated.
Increased solar panel efficiency: This year has witnessed the average panel conversion efficiency go up by 15% to over 20% in most modules. This is great as far as the ROI is concerned!
Higher demands of solar-powered products: According to experts in the industry, we will see an increased demand for solar-powered generators, smartphone chargers, outdoor motion sensor lights, backpacks and cookers in the near future.
Ponds as a solar energy source: Another novel invention entails floating solar systems constructed over ponds, accentuated with waste-water treatment facilities. The idea is to not waste precious land, and instead depend on water bodies for dependable electricity at affordable costs.
Nimbus Solar – a one-stop solution for all your solar needs
Firmly consolidating its position as a pioneer in the market, Nimbus Solar will continue to deliver world-class services and solar products for all businesses, irrespective of their size. Having already gained the reputation of being a trusted brand for the investors and buyers alike, the company is sure to play its part vis-à-vis all the new and upcoming innovations and trends in the industry.
For more details, visit www.nimbussolar.in